Marsh & McLennan Companies (NYSE:MMC) PT Raised to $210.00

Marsh & McLennan Companies (NYSE:MMC) had its target price boosted by Royal Bank of Canada from $208.00 to $210.00 in a research note issued to investors on Friday morning, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the financial services provider’s stock.

A number of other research analysts have also recently issued reports on MMC. Wells Fargo & Company lifted their price target on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the company an equal weight rating in a research report on Friday. TD Cowen started coverage on shares of Marsh & McLennan Companies in a research report on Wednesday, January 10th. They set a market perform rating and a $189.00 price target for the company. Piper Sandler cut shares of Marsh & McLennan Companies from an overweight rating to a neutral rating and set a $211.00 price target for the company. in a research report on Wednesday. Jefferies Financial Group lifted their price target on shares of Marsh & McLennan Companies from $197.00 to $208.00 and gave the company a hold rating in a research report on Friday. Finally, The Goldman Sachs Group cut shares of Marsh & McLennan Companies from a buy rating to a sell rating and lowered their price target for the company from $215.00 to $185.00 in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Marsh & McLennan Companies has a consensus rating of Hold and an average price target of $204.87.

Marsh & McLennan Companies Trading Up 0.3 %

NYSE:MMC opened at $202.41 on Friday. The company has a 50-day moving average price of $202.86 and a 200-day moving average price of $196.82. Marsh & McLennan Companies has a 12 month low of $171.47 and a 12 month high of $209.20. The company has a current ratio of 1.14, a quick ratio of 1.10 and a debt-to-equity ratio of 0.97. The stock has a market cap of $99.90 billion, a price-to-earnings ratio of 25.69, a P/E/G ratio of 3.65 and a beta of 0.90.

Marsh & McLennan Companies (NYSE:MMC) last posted its earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, topping the consensus estimate of $2.80 by $0.09. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same period last year, the company posted $2.53 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. Equities analysts predict that Marsh & McLennan Companies will post 8.6 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 4th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $2.84 annualized dividend and a dividend yield of 1.40%. Marsh & McLennan Companies’s payout ratio is 36.04%.

Insider Activity at Marsh & McLennan Companies

In related news, SVP Paul Beswick sold 2,169 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $202.00, for a total transaction of $438,138.00. Following the completion of the sale, the senior vice president now directly owns 14,199 shares in the company, valued at $2,868,198. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Marsh & McLennan Companies news, CFO Mark C. Mcgivney sold 12,494 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $200.79, for a total value of $2,508,670.26. Following the completion of the transaction, the chief financial officer now directly owns 33,678 shares in the company, valued at $6,762,205.62. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Paul Beswick sold 2,169 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $202.00, for a total transaction of $438,138.00. Following the completion of the transaction, the senior vice president now owns 14,199 shares of the company’s stock, valued at $2,868,198. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,751 shares of company stock worth $7,448,163. 0.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Marsh & McLennan Companies

A number of hedge funds have recently modified their holdings of MMC. Moneta Group Investment Advisors LLC boosted its position in shares of Marsh & McLennan Companies by 105,777.7% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,772,516 shares of the financial services provider’s stock worth $1,617,156,000 after acquiring an additional 9,763,286 shares during the last quarter. Norges Bank bought a new position in shares of Marsh & McLennan Companies during the fourth quarter worth $1,048,077,000. Price T Rowe Associates Inc. MD boosted its position in shares of Marsh & McLennan Companies by 32.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,243,245 shares of the financial services provider’s stock worth $1,940,789,000 after acquiring an additional 2,526,701 shares during the last quarter. Morgan Stanley boosted its position in shares of Marsh & McLennan Companies by 49.2% during the fourth quarter. Morgan Stanley now owns 6,293,827 shares of the financial services provider’s stock worth $1,041,503,000 after acquiring an additional 2,075,928 shares during the last quarter. Finally, Capital Research Global Investors boosted its position in shares of Marsh & McLennan Companies by 331.5% during the first quarter. Capital Research Global Investors now owns 1,830,548 shares of the financial services provider’s stock worth $311,962,000 after acquiring an additional 1,406,293 shares during the last quarter. 87.99% of the stock is currently owned by institutional investors.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.